Munich Re is one of the largest global reinsurers and has a long tradition in both the assessment of weather-related hazards and their impact on crop production and the development of appropriate risk management tools and crop insurance schemes. Munich Re's underwriting of agricultural risks throughout the world is concentrated in its agricultural underwriting department, ttis department has long been a world-renowned centre of competence. It develops Munich Re's strategy and underwriting guidelines and is responsible for the underwriting of agricultural insurance within the Munich Re Group, ttis involves a wide range of segments like crops, crop hail, multi-peril and named perils, livestock including aquaculture and greenhouses. With a premium income of about €400m in 2006, Munich Re is the world's largest agricultural reinsurer.
Munich Re also has a long tradition of analysing natural disasters and their trends, tte company recruited its first two geoscientists in 1974. Now the department has a staff of 27. tte team consists of experts in geophysics, meteorology, geography, hydrology and many other fields, all contributing to the analyses of natural disasters.
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